269,332 Shares in Gold.com Inc. $GOLD Acquired by CenterBook Partners LP

CenterBook Partners LP bought a new position in Gold.com Inc. (NYSE:GOLD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 269,332 shares of the company’s stock, valued at approximately $9,171,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOLD. Daytona Street Capital LLC purchased a new stake in Gold.com in the fourth quarter worth approximately $68,000. Massachusetts Financial Services Co. MA purchased a new stake in Gold.com in the fourth quarter worth approximately $890,000. State of Alaska Department of Revenue purchased a new position in shares of Gold.com during the 4th quarter worth $44,000. CWM LLC purchased a new position in shares of Gold.com during the 4th quarter worth $35,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of Gold.com during the 4th quarter worth $1,319,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Gold.com Price Performance

Shares of Gold.com stock opened at $39.61 on Monday. The stock’s fifty day simple moving average is $42.98. The stock has a market cap of $1.15 billion, a PE ratio of 13.57 and a beta of 0.53. Gold.com Inc. has a 1-year low of $20.54 and a 1-year high of $66.70. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11.

Gold.com (NYSE:GOLD) last released its earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $4.81 billion. As a group, research analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com declared that its board has authorized a share repurchase plan on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization permits the company to buy up to 7.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Gold.com Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. Gold.com’s payout ratio is 27.40%.

Insider Activity at Gold.com

In related news, CEO Gregory N. Roberts sold 40,000 shares of Gold.com stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the transaction, the chief executive officer owned 28,202 shares in the company, valued at approximately $1,172,639.16. The trade was a 58.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Tether Global Investments Fund bought 530,338 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were purchased at an average price of $44.50 per share, for a total transaction of $23,600,041.00. Following the purchase, the insider owned 3,370,787 shares in the company, valued at $150,000,021.50. This represents a 18.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 730,338 shares of company stock worth $31,842,096 and have sold 90,000 shares worth $3,723,200. 23.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GOLD. Roth Mkm set a $52.00 price target on shares of Gold.com in a research note on Thursday, May 7th. Zacks Research upgraded shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, DA Davidson reiterated a “buy” rating and set a $60.00 price target on shares of Gold.com in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $56.33.

Gold.com Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.